Press release
Electric Coolant Pumps Market: Know about Impact of Covid-19
Electric Coolant Pumps Market
An automotive electric coolant pump is a major auxiliary device used in the vehicle to cool the components of the power train and other accessories such as battery, electronic circuits, and cabin heating. R/conventional pumps are different from electric coolant pumps, as the conventional pumps utilized for engine cooling are toothed-belt driven and consequently, the resultant output generated is coupled to the engine RPM (Revolution per minute). The electric coolant pump ensures sufficient cooling at lower RPMs at high engine loads & vice-versa and at elevated external temperature. The electric coolant pump is employed along with thermal management system of the IC engine (internal combustion engine) for delivering additional benefits.
The automotive electric coolant pump can provide on-demand cooling, especially during cold-start, which saves fuel and leads to reduction in emission. This can also lead to enhanced air conditioning in the passenger compartment, which in turn can provide more comfort to the passengers and driver.
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Automotive Electric Coolant Pumps Market – Competitive Landscape
Continental AG
Continental AG was founded in 1871, and currently has its headquarters in Hanover, Germany. Continental AG is a leading supplier of components in the automobile industry. The company operates through two major groups: automotive group and rubber group, which is further divided into various business verticals such as powertrain, chassis & safety, interior, tires and services. The company has a global presence and operates through several locations across the Americas, Africa, Europe, and Middle East & Africa. The company also provides various types automotive cooling components such as coolant pumps, fans, and compressors.
SANHUA Automotive
SANHUA Automotive was founded in 1987. The company’s headquarters are located in Hangzhou, China. The company operates as a branch of SANHUA HOLDING GROUP, which was founded in 1984, and provides cooling solutions to the automotive and commercial industries. It specializes in offering solutions for temperature control products, subsystems, system solutions for HVAC, home appliances, and for automotive thermal management. SANHUA Automotive has three engineering centers located in China, North America, and Europe along with three manufacturing units located in India, China and Mexico.
Pierburg GMBH
Pierburg GMBH was founded in 1909, presently, it has headquarters in Neuss, Germany. The company is part of the Rheinmetall Group. The Rheinmetall Group was founded in 1889 and is a key player in the automotive and defense industries. It operates through six different divisions. PIERBURG GMBH is a top tier supplier in the automotive industry. It provides diverse solutions/products including actuators, automotive emission systems, commercial diesel systems, pump technology, solenoid valves, and variable valve trains.
Magna International Inc.
Magna International Inc. was founded in 1957 and currently its headquarters are located in Ontario, Canada. The company is a major supplier of new technological and body components for the automotive industry. It has over 174,000 employees working across 338 manufacturing units and 89 product development plants spread in more than 28 countries worldwide. The company operates majorly in body exteriors & structures, power & vision, ADAS & automated driving, seating systems.
Robert Bosch GmbH
Robert Bosch GmbH was founded in 1886, with headquarters in Gerlingen, Germany. The company operates across four major business segments: consumer goods (including household appliances and power tools), mobility (hardware and software), industrial technology (including drive and control), and energy and building technology. Under the mobility segment, the company offers diverse products including electric motor, brake shoes, lightings, and display systems.
Rising demand for vehicles globally
Rising demand for vehicles, globally, is a major factor driving the automotive electric coolant pumps market. Moreover, the demand for vehicles is increasing consistently, as Europe, Asia Pacific, and North America are major producers and consumers of automobiles globally. The disposable income and per capita income of people in these regions are increasing, which in turn is driving sales of vehicles. Sales and production of vehicles are projected to directly impact the demand for automotive electric coolant pumps during the forecast period.
Increase in demand for efficient and eco-friendly vehicles
Increase in demand for eco-friendly and fuel-efficient vehicles is a major factor boosting the automotive electric coolant pumps market. Rising prices of conventional fuel and the depletion of fossil fuel resources are prompting customers to switch from conventional fuel driven vehicles to eco-friendly vehicles. Conventional fuel powered vehicles emit hazardous gases, which are harmful for humans and the environment. Consequently, several countries have enacted various laws and norms for vehicle emissions. Automotive electric coolant pumps reduce emission in vehicles. This is also a key factor that is projected to propel the automotive electric coolant pumps market during the forecast period.
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Automotive Electric Coolant Pumps Market – Segmentation
The global automotive electric coolant pumps market can be segmented based on:
Power
Fuel Type
Sales Channel
Vehicle Type
Automotive Electric Coolant Pumps Market – By Power
Based on power, the automotive electric coolant pumps market can be classified into:
Less than 50W
50W-100W
100W-400W
More than 400W
Automotive Electric Coolant Pumps Market – By Fuel Type
Based on fuel type, the automotive electric coolant pumps market can be split into:
Conventional Fuel
Electric
Hybrid
Automotive Electric Coolant Pumps Market – By Sales Channel
Based on sales channel, the automotive electric coolant pumps market can be bifurcated into:
OEM
Aftermarket
Automotive Electric Coolant Pumps Market – By Vehicle Type
Based on vehicle type, the automotive electric coolant pumps market can be segregated into:
Passenger Vehicle
Commercial Vehicle
Autonomous & Semi-Autonomous Vehicles
Electric Vehicles
The report on automotive electric coolant pumps market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The automotive electric coolant pumps market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The automotive electric coolant pumps market report also maps the qualitative impact of various market factors on automotive electric coolant pumps market segments and geographies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
North America
Asia Pacific
Europe
Latin America
The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
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